Regions

Foreign Affairs Article

Iceland's Saga

Author: Ólafur Ragnar Grímsson

By all rights, Iceland -- a remote Arctic island inhabited by just 320,000 people -- should be a forgotten backwater. And for most of its history, it was.

See more in Iceland; Economics

Foreign Affairs Article

Let the People Go

Authors: Michael Clemens and Justin Sandefur

On May 29, 2013, British immigration officers raided the Alternative Tuck Shop, a café just down the road from Oxford University's economics department, where South Asian and Middle Eastern employees serve tea, scones, and sandwiches.

See more in United States; Migration

Foreign Affairs Article

Blind Oracle

Author: Richard Katz

In his recent essay "Never Saw It Coming" (November/December 2013), Alan Greenspan makes two central arguments: first, that virtually no one foresaw the 2008 U.S. financial crisis and, second, that irrational "animal spirits" were the root cause.

See more in United States; Financial Crises

Foreign Affairs Article

Reverse the Curse

Authors: Karol Boudreaux, Tiernan Mennen, Larry Diamond, and Jack Mosbacher

Larry Diamond and Jack Mosbacher ("Petroleum to the People," September/October 2013) rightly observe that the coming oil boom in Africa is, paradoxically, a frightening prospect for the continent's poor and marginalized.

See more in Africa (sub-Saharan); Oil

Foreign Affairs Article

A Kinder, Gentler Immigration Policy

Authors: Jagdish Bhagwati and Francisco Rivera-Batiz

Even if immigration reform managed to get through congress, it would do little to stem illegal immigration or improve the plight of the undocumented. So policymakers should shift their focus to a more humane, bottom-up approach: letting states compete for illegal immigrants.

See more in United States; Immigration

Foreign Affairs Article

Left Out

Author: Henning Meyer

Europe's social democrats hoped that the 2008 economic meltdown would vindicate their politics and strengthen their hand. But they failed to see how badly they had damaged their brand by compromising on core principles during the previous two decades. To find their way forward, they must return to their roots.

See more in Europe; Congresses, Parliaments, National Legislatures

Foreign Affairs Article

Accepting Austerity

Author: Cindy Williams

Instead of hoping that a political miracle will spare the Pentagon from the budget ax, American defense officials need to start preparing for the inevitable. That means bringing personnel costs under control, getting on with strategic planning, and reshaping the forces for today's missions.

See more in United States; Defense Budget

Foreign Affairs Article

Cyberwar and Peace

Author: Thomas Rid

Cyberwar Is Coming!" declared the title of a seminal 1993 article by the RAND Corporation analysts John Arquilla and David Ronfeldt, who argued that the nascent Internet would fundamentally transform warfare.

See more in United States; Cybersecurity

Foreign Affairs Article

Never Saw It Coming

Author: Alan Greenspan

The former chair of the U.S. Federal Reserve asks how so many experts, including him, failed to see the 2008 financial crisis approaching. An important part of the answer to that question is a very old idea: Keynesian "animal spirits," the irrational elements of decisionmaking that have been left out of economic forecasting for too long.

See more in United States; Financial Crises